The SEC Is Broken
The Securities and Exchange Commission has three primary mandates: to protect investors; to maintain fair, orderly and efficient markets; and to facilitate capital formation.
Motif Launches Products to Help Advisors Compete With Robo-Advisors
A “robo-advisor is a robo-allocator, they don’t really give advice," says Motif's Hardeep Walia.
Lessons From Merrill’s First 100 Years From Founder’s Son
As Merrill Lynch approaches its 100th anniversary, Its founder's son, Winthrop Smith, talks to ThinkAdvisor about its heroes and one villain in particular.
Former SEC Chairman Levitt: Mary Jo White a ‘Rock Star’ After SAC Plea
Insider trading is still "pervasive," Arthur Levitt says, and he wouldn’t have Steven Cohen as a client.
In a Watershed Year for Fiduciary Standard, Reviewing the Arguments
At the start of Fiduciary September, a reminder on what’s at stake for advisors and investors. Is it time for a feistier fiduciary standard?
Ex-SEC Chief Schapiro Joins Compliance Firm Promontory
Schapiro joins several other former regulators at the strategy and compliance consultancy, which counts many large banks as its clients.
The Bonus Debate
Much as I believe that investors everywhere would benefit from a level playing field between RIAs and brokers, the disclosure of recruiting bonuses would be over the top.
Should Brokers Be Forced to Disclose Their Bonuses to Clients?
SEC Chairwoman Mary Schapiro in 2009 wrote a letter to broker-dealer CEOs warning them about recruiting brokers with high upfront bonuses.
SEC Fiduciary Rule Stalled—But for How Long?
A fiduciary rule from the SEC looks to be years away.
SEC’s Schapiro to AdvisorOne: Fiduciary Issue Still ‘Important’
Before meeting with industry heavyweights on Tuesday regarding the fiduciary rule, Schapiro told AdvisorOne that the SEC is still working to advance a fiduciary rulemaking.